Many families have been facing a new kind of financial reality.
From loss of income, to changing the way we work, to thinking about
priorities, the conversation about money is changing. With a long
weekend on the horizon, the time could be right to sit everyone
down or dial them in for a heart-to-heart discussion about the
importance of money, your attitudes toward saving and what values
will matter most in the months ahead. Here are a few tips for
organizing a family money talk.
1. It's about people
Parents know that money chats are not really about money.
They're about people. And that matters because everyone brings
attitudes, ideas and opinions to the table. If you accomplish
nothing more than learning about your family's hopes for the
future and their immediate needs during isolation, you've had a
good meeting because transparency can eliminate anxiety, reduce
tensions, and help everyone set clear expectations for the months,
years and generations ahead.
